The LINK token is an ERC-677 token (based on the ERC-20) and is used to pay for network operating costs: The nodes which will seek off-chain information. Transformation of the data format to make it understandable by the blockchain. The calculations which are carried out off-chain. A smart contract from a network such as Ethereum which will want to use a network node to obtain information.
Usefulness of the LINK token -FOCUS ON CHAINLINK #4
By Trading Passion | Trading's Passion | 17 Apr 2020
Trading Passion
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Trading's Passion
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